Dáil debates

Thursday, 5 November 2009

National Asset Management Agency Bill 2009: Report Stage (Resumed) and Final Stage

 

11:00 am

Photo of Pat RabbittePat Rabbitte (Dublin South West, Labour)

Meanwhile, some of the covered institutions are taking advertisements in the newspapers stating it is business as usual. We have heard examples in this House suggesting there is not very much behind those advertisements. People have explained their personal experience during the course of this debate and how that is being manipulated to give the image of business as usual, but that is not what is going on behind the scenes. In that sense, this amendment provides the Minister with the opportunity to again tell us what are the reasons for people being confident that as a result of this elaborate mechanism being put in place - this huge risk to the taxpayer - credit is more likely to be available to small and medium enterprises, to people who want to buy houses and to those who want to engage in the normal activity that makes up such a large part of our economic affairs in this country.

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